On September 22, Vicor surged 12.55% overnight, trading at $252.0 per share, with turnover of $2,268. The rally was driven by the company raising its third-quarter sequential growth guidance to more than 20%, up from approximately 10%, citing royalties from a recently announced non-exclusive license of its Vertical Power Delivery (VPD) technology to a leading AI OEM.

The license, disclosed on September 16, grants the OEM the right to procure VPD modules protected by Vicor patents, marking a significant milestone in the commercialization of the company's core AI power delivery technology. The guidance upgrade underscores the near-term revenue contribution from licensing royalties layered on top of already robust product demand.

The momentum builds on a strong second quarter in which Vicor reported EPS of $1.04, beating the consensus estimate of $0.64 by 62.5%, while revenue of $143.4 million also topped expectations. Backlog surged 145% year-over-year, reflecting sustained AI compute power demand. Additionally, the company recently approved a $150 million share buyback program and acquired properties in New Hampshire for nearly one million square feet of new fabrication capacity to scale production.

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